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Continuing Our Recovery: Businesses created 172,000 new jobs in July, continuing our recovery from the worst economic crisis since the Great Depression. The private sector has added a total of 4.5 million new jobs over the past 29 consecutive months of growth.

Mitt Romney has been deliberately twisting President Obama’s words around to falsely suggest that the President doesn’t value small businesses or the entrepreneurial spirit that built this country. His distortions and accusations are flat-out wrong.

Corporate Raider: Mitt Romney’s corporate-buyout firm was an outsourcing pioneer, making a fortune helping companies outsource jobs to countries like China and India. His economic philosophy put maximizing profits for himself and his investors before workers, companies and communities – even if it eliminated American jobs.

Businesses created jobs for the 26th straight month in April, with President Obama continuing to lead a recovery for the middle class after inheriting the worst economic crisis since the Great Depression.

President Obama is calling on Congress to act on a commonsense, concrete plan that will help create jobs and restore economic security for the middle class. He’s proposing a five-point “To Do List” that will keep us moving forward toward a job-creating economy built to last.

The President believes we should be rewarding companies that create in America, not those that send American jobs to other countries. The first item on this list gives a new 20 percent tax credit to companies that bring jobs back home, paid for by eliminating tax breaks for companies that send jobs overseas.

The Facts: After months of not talking about his Massachusetts record, Romney is finally trying to defend it. But his claims about his failed record don’t hold any water – Romney Economics didn’t work then and it won’t work now.

Romney Economics: In both the private and public sectors, Romney Economics has never been about creating jobs. It’s always been about putting short-term profits for those at the top ahead of long-term economic growth for everyone.

Broken Promises: As governor of Massachusetts, Romney repeatedly broke his promises to deliver more jobs, less debt and smaller government.

The Obama campaign released a new response ad today that highlights Mitt Romney’s belief that a strong economy is built on outsourcing, loopholes and risky financial deals. While President Obama has helped create jobs here in America and encouraged companies to bring jobs back home, Mitt Romney shipped jobs overseas both in the private sector and as governor of Massachusetts.

The Facts: Romney claims his first three years in office don’t count because he inherited a bad economy, but he’s attacking the President starting from January 2009. That’s hypocritical, even for Romney. In fact, over the first 39 months of their terms, President Obama has created five times more jobs in Massachusetts than Romney did as governor.

Public-Sector Jobs: As we’ve created nearly 4.3 million private-sector jobs over the last 27 months, we’ve lost 450,000 state and local government jobs – many of them teachers and first responders. In the last 18 months, we’ve added private-sector jobs every month but lost public-sector jobs in 16 of them. According to leading economists, public-sector job losses are dragging down the economy.

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